StoreRecord Launches New Inventory Management Feature Between Logiless and SmartRegister

StoreRecord Enhances Retail Inventory Management

StoreRecord Inc., headquartered in Shinjuku, Tokyo, has recently launched a groundbreaking feature for retail businesses that streamlines the management of in-transit inventory. This new functionality connects the cloud-based POS system SmartRegister and the automated shipping system Logiless, both essential tools for modern retail operations.

The Need for Effective Inventory Management

In the retail sector, managing inventory across various locations—between stores and distribution centers—is a daily necessity. Whether reallocating inventory from retail locations to fulfill online orders or sending stock from distribution centers to brick-and-mortar stores, efficiently tracking these movements is critical to minimizing stock-outs and maximizing sales opportunities.

However, traditional methods are fraught with challenges, especially regarding visibility. When goods are in transit, there can be gaps in reconciling inventory counts. Often, these gaps result in discrepancies in month-end inventory values, affecting cost rates and gross margins. Retailers may overestimate or underestimate stocks, leading to unnecessary reorders and confusion during stock audits.

Automated Management with StoreRecord

The new feature, integrating SmartRegister and Logiless, automates the retrieval of shipment and receipt data from both systems, effectively managing in-transit inventory within StoreRecord. This functionality aims to eliminate the need for manual data entry and to ensure that all aspects of inventory—whether in stores, warehouses, or in transit—are accurately tracked and reflected in real-time.

For instance, data regarding unreceived shipments destined for Logiless warehouses will now be automatically retrieved daily. This allows warehouse managers and store staff to understand the quantities being shipped and adjust their operations accordingly. Additionally, upon detection of a shipment from either system, an incoming receipt is automatically created, simplifying the receiving process at the destination.

Addressing Inventory Movement Issues

This automated approach not only covers the retrieval of inventory data but also facilitates better inter-location inventory management. By consistently updating in-transit quantities across both SmartRegister and Logiless, discrepancies can be avoided, ensuring that retail operations proceed smoothly. The systems automatically account for how many items have been inspected upon arrival, streamlining the entire logistics process and preventing human error in data entry.

StoreRecord's functionality extends beyond just integration; it automatically aggregates in-transit inventory with site-specific inventory. This means that retail managers can view comprehensive inventory data and assess operational status via dashboards and assessments without switching between multiple software platforms.

Building Towards a Unified Retail Framework

Looking ahead, StoreRecord aims to provide robust management solutions without the need for unified ERP systems. Retailers typically draw data from multiple sources—including sales channels, inventory systems, and accounting platforms. While this modular approach minimizes implementation costs, it often results in data management gaps.

StoreRecord positions itself as a central hub for these systems, offering not just data collection but integration and comprehensive management that allows businesses to enhance their operational efficiency. Through this, StoreRecord will continue to enrich the retail industry, tackling the challenges associated with data visibility and inventory management.

For further developments, the company plans to introduce capabilities addressing warehouse-to-warehouse inventory movements and to establish ongoing monitoring of in-transit stocks. This places them at the forefront of ensuring that businesses can thrive by leveraging precise, reliable data across all operational areas.

About StoreRecord

StoreRecord Inc. serves as an essential platform for retailers, collecting and integrating sales, costs, purchases, and inventory data from multiple channels such as eCommerce, marketplaces, and POS systems through APIs and RPA connections. With its unique semantic layer designed specifically for retail, StoreRecord offers valuable insights and visualizations across various metrics, enabling speedy decision-making backed by solid data.